Y
Yoni Heisler
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Earlier this year, a former Snapchat employee named Anthony Pompliano filed suit against Snap Inc. for inflating user numbers and flat-out lying to investors about the company's long-term potential for growth. Pompliano's lawsuit was originally filed this past January, albeit in redacted form. This week, an unredacted version of the lawsuit was made public and, not surprisingly, it contains some shocking revelations.
The most headline-grabbing blurb (via Variety) alleges that Pompliano, while attending a meeting regarding Snapchat's growth prospects, voiced concern about disappointing user adoption in international markets. Not even letting Pompliano finish his point, the lawsuit claims that Snap CEO Evan Spiegel interrupted Pompliano and boldly declared: "This app is only for rich people. I don’t want to expand into poor countries like India and Spain."
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Via BRG - Boy Genius Report